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both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use weapons against its people. >> a natural gas tanker arrive
both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away....
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Nov 30, 2012
11/12
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the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small businesses saying, "if we even thought about hiring, we are going to wait until we get some kind of resolution around the fiscal cliff. and most concerning to me, 60%+ of small businesses don't believe the government can figure out how to solve this fiscal cliff. > c'mon congress and president. all right, michael alter. i'm going to see you in a month. let's see if some things are improving. i appreciate it. > > i can only hope. thanks for having me. just ahead, are banking stocks ready to short circuit? a couple of traders charge in with their views after the break. >-.y÷$@y+o3vhpe the time has come fo
the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small...
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Dec 1, 2012
12/12
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the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two a
the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >>...
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>> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> t
>> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of...
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. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive. it is the math. >> magic math. >> magic beans and fairy dust. >> president obama did win the election. >> me thinks somebody made him king. >> no. i don't think that's right. >> he doesn't see where he stands in the universe. >> i would say we're nowhere. >> are we that far apart? >> both sides want a deal. >> a matter of math. >> try to stay away from hypotheticals. >> it won't pass. >> discussions abo u >> unicorns. >> they're imaginary beasts. >> magic beans. >> magic math. >> an enchanted universe. >> outrageous. >> the whole thing is going wacky. >> i would say we're nowhere. >> i don't envy the position the speaker is in. >> we're nowhere. you just mig
. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive....
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Dec 5, 2012
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >>
and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed...
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Nov 30, 2012
11/12
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let's start with the fiscal cliff. secretary reich if we hit the fiscal cliff would it be devastating and hence we must do cuts in social security and medicare? >> first of all the fiscal cliff is a misnomer. it really is not a cliff. we can go over it and a lot of people won't feel much, particularly if democrats do what they say they're going to do, and that is pass a bill that makes the tax cuts retroactive to january 1 for the middle class. that's what democrats would do, giving them maximum bargaining with the republicans. we don't have a debt crisis. that's another might geology that a lot of people, republicans and media are talking about. there is no the a budget deficit crisis right now. in the years beginning 10 years from now, we will have very large budget deficits, but those are because of health care costs rising projected to rise very, very high and that's going to hurt medicare and medicaid, not because medicare and medicaid are the problems, but because underlying those medicare and medicaid problems p
let's start with the fiscal cliff. secretary reich if we hit the fiscal cliff would it be devastating and hence we must do cuts in social security and medicare? >> first of all the fiscal cliff is a misnomer. it really is not a cliff. we can go over it and a lot of people won't feel much, particularly if democrats do what they say they're going to do, and that is pass a bill that makes the tax cuts retroactive to january 1 for the middle class. that's what democrats would do, giving them...
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Nov 30, 2012
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but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and only howard schultz i believe will tell you that business is smoking in so many places in china to the united states and that tebana will be the next generation starbucks as soon as the merger is completed. the next day yum brands. it's coming to town. that company will have some explaining to do. i will have more on what yums needs to tell us. the sting of the earnings shortfall last night will still be with us no matter how good kentucky fried chicken might taste. also we hear from lulu lem athletics. i got a situation for how to trade this wild stock. wait
but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and...
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especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me ho
especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this...
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Dec 1, 2012
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and that the rhetoric around the fiscal cliff or what i like to call the fiscal bluff is really just a way to thinly shroud these drastic budget cuts that will result in 60,000 people with aids around the world dying. these are preventable deaths that we could otherwise avoid if these budget cuts don't go through. >> let's talk about those cuts because the aids, their speculation is that more than $500 million will be cut from hiv/aids programs in the first year if it goes into effect. do you see the need for entitlement reform at any measure and, if you do, what cuts would your group be okay with? >> so, here's the thing. if we could just pass a tiny tax on the speculative stock transactions, a robinhood tax, we could actually generate up to $350 billion, and i said billion dollars a year. every single year. that would be more than enough money to end the aids pandemic and to have money left over for the largest jobs program that we ever dreamed of and enough money to fight against climate change so us up here in new york won't have to face things like hurricane sandy, again. a robi
and that the rhetoric around the fiscal cliff or what i like to call the fiscal bluff is really just a way to thinly shroud these drastic budget cuts that will result in 60,000 people with aids around the world dying. these are preventable deaths that we could otherwise avoid if these budget cuts don't go through. >> let's talk about those cuts because the aids, their speculation is that more than $500 million will be cut from hiv/aids programs in the first year if it goes into effect. do...
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and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two
and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt...
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i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever ready for this baby. >> hi, jim. john jay, i don't know if anyone ever told you, but you resemble billy joel, not lennon like you showed that portrait. >> if i look like billy joel i'm done eating. done eden. that's a play on where you're from. i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make money. i'm just trying to -- without regina i'm lost. without regina i'm lost! we got some great news to report tonight. our fabulous executive producer regina had a baby girl today. we want to welcome to the world rg2. why
i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever...
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Dec 5, 2012
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could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth...
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geithner and the fiscal cliff. is he pushing us closer to or farther from the fiscal cliff. and doubling down on dividends. we've got an out of the box ets flight that can get you in on the pay day windfall that's taking shareholders by storm. plus, linked-in gets original. the executive editor will reveal why the company's move into original content could be a game changer. we'll get to those trades in a minute. let's get to the top story right away. apple misses the rally. the dow closed at a one month high but the trouble continues for apple posting its worst day in nearly four years. the stock falling back into bear market territory weighing on the nasdaq throughout the entire session in terms of price action, terrible. pretty heavy volumes closing two pennies off the low of the session deep. >> it was terrible. i'm trying to be measured here because i understand how -- >> you don't want to insult apple. >> that's not what we're attempt to go do. we're trying to help them. last night to a person we thought it would go lower. we didn't do that to hurt people, we did it be
geithner and the fiscal cliff. is he pushing us closer to or farther from the fiscal cliff. and doubling down on dividends. we've got an out of the box ets flight that can get you in on the pay day windfall that's taking shareholders by storm. plus, linked-in gets original. the executive editor will reveal why the company's move into original content could be a game changer. we'll get to those trades in a minute. let's get to the top story right away. apple misses the rally. the dow closed at a...
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Dec 7, 2012
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what should we do with private bancorp before the fiscal cliff? i think the positives are clearly baked into the stock right here. this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take our first tweet from @nfalex who says what's your take on -- it's the old part of kraft. the stock price has been trading down sinced the old spinoff. it drives me crazy when stephanie link and i buy for the charitable trust. the charitable trust follows stocks. you can follow along with actionalertsplus.com. and they don't immediately pop. this is the p.m. of philip morris when altria split. it's the fast-growing snacks business overseas, it's going to be great. now here's the problem. it acts terribly. so wa you can say is therefore it's bad or you can do th
what should we do with private bancorp before the fiscal cliff? i think the positives are clearly baked into the stock right here. this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take...
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Nov 29, 2012
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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cliff orifior fiscal stalemate. we'll get a live report how it works. can he get the ball rolling? congressman karen bass and conk man chris van hollen will join me to talk about where things stand. bob costas bold statement on gun control in the wake of the suicide involving javon belcher. we'll have reaction to it the. john mccain's interesting comment to john kerry at an event that took place a few hours ago. we'll play the exchange, reading any tea leaves. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lym
cliff orifior fiscal stalemate. we'll get a live report how it works. can he get the ball rolling? congressman karen bass and conk man chris van hollen will join me to talk about where things stand. bob costas bold statement on gun control in the wake of the suicide involving javon belcher. we'll have reaction to it the. john mccain's interesting comment to john kerry at an event that took place a few hours ago. we'll play the exchange, reading any tea leaves. [ designer ] enough of just...
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they met with president obama to discuss the fiscal cliff. the president is putting pressure on republicans to keep middle class americans from falling off the fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically
they met with president obama to discuss the fiscal cliff. the president is putting pressure on republicans to keep middle class americans from falling off the fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98%...
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from falling off the "fiscal cliff." treasury secretary tim geithner and a white house aide plan to visit with the four house and senate leaders. they hope to find common ground on how to avert a series of tax increases and spending cuts scheduled to begin in january. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no media will be allowed. >>> powerball ticketholders are checking their numbers twice today. >> yeah. good luck. the record-breaking jackpot $588 million. the numbers drawn last night just in case 5, 16, 22, 23, 29 and the powerball number was 6. two winning tickets sold in arizona and missouri. californians may be able to cash in though on powerball prices next year. it's not in our state but lottery officials are meeting this morning up in sacramento trying to hammer out details that would allow the golden state to join the 42 other states in the po
from falling off the "fiscal cliff." treasury secretary tim geithner and a white house aide plan to visit with the four house and senate leaders. they hope to find common ground on how to avert a series of tax increases and spending cuts scheduled to begin in january. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no...
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the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if you look at recent polls out this week, it shows that a majority of americans say if there is no deal, if we go over the fiscal cliff, they will blame republicans and not democrats or the president. you can be sure everyone is watching those polls. the debt ceiling if you can believe it, i know christine is rolling her eyes over there, the debt ceiling is becoming a part of this. >> that dialogue has been going on for quite some time now. at the en
the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next...
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will fiscal austerity, the fiscal cliff, the fiscal challenges better so daunting detour or impede a recovery and rebuilding in the wake of sandy? we're the united states and become together whether katrina comment tornadoes, hurricanes, flood s, earthquakes, across the country, we are a community we know what has to be done to the innocent victim of the storms. we demonstrate the courage and perseverance the real heroes have shown again and again across the country the most recently in connecticut , ed new york and new jersey. those who risk their lives to gave up looking after their own properties to rescue and help others and that is the spirit that will pervade the consideration that goes to the victims of the latest dorm. thank you. >> thank you. that is a perfect transition to the next panel. the senator asked an important question is a move forward with our courage and determination ii those of the constituents i think we will be in good hands with what i believe as been called upon us a 10 traneight -- country is strong enough to multitask. to with those opening statement the
will fiscal austerity, the fiscal cliff, the fiscal challenges better so daunting detour or impede a recovery and rebuilding in the wake of sandy? we're the united states and become together whether katrina comment tornadoes, hurricanes, flood s, earthquakes, across the country, we are a community we know what has to be done to the innocent victim of the storms. we demonstrate the courage and perseverance the real heroes have shown again and again across the country the most recently in...
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Dec 1, 2012
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asking him what he will accept in these fiscal cliff debates? >> one of the great norquist tricks is a mass amnesia spell over washington. people have forgotten he laundered money for jack abram. he helped tom delay with a kfrnlts street prospect. he was' registered lobbyist for fannie mae. he was a tobacco industry hack throughout the '90s. folks have forgotten that. they take him pretty seriously. >> we used a stuffed grover doll on this set at one point. we are trying to take him as not seriously as possible. i appreciate so much, lee, the work you have done to help us see what grover norquist is. thank you to lee fong in san francisco and thank you to dan dicker here at the table in nerdland and the rest are back for more. >>> up next, the similarities are undeniable. an african-american teen shot dead. an older white man arrested. again, it happened in florida. is there no presumption of innocence for young black men. my letter is next. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the sha
asking him what he will accept in these fiscal cliff debates? >> one of the great norquist tricks is a mass amnesia spell over washington. people have forgotten he laundered money for jack abram. he helped tom delay with a kfrnlts street prospect. he was' registered lobbyist for fannie mae. he was a tobacco industry hack throughout the '90s. folks have forgotten that. they take him pretty seriously. >> we used a stuffed grover doll on this set at one point. we are trying to take him...
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abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in washington overnight. it is now legal to buy and possess pot. the law, though, bans public use of marijuana, like drinking in public. and it's against the wall to sell pot. the state is trying to work out a system to license growers. >>> and with that, we'll take a look -- >> you can't buy it or sell it. >> time, now, for the weather across the country. showers from portland to seattle. up to eight inches of snow in the northern cascades and rockies. mild in the nation's midsection. pop-up showers in omaha, cincinnati and louisville. and scattered showers from the carolina
abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in...
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that being said, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need to look for a way to accomplish that in the short term. then we have had a conversation about getting the fiscal house in order it's just fundamentally true. we spend a trillion dollars a year more than we take in to assist attack. i approached this issue that the only way we can get that in order is to rapid economic growth. there's no taxes to raise. what the presidential post does not raise enough revenue, but it will make a dent on job creation, particularly middle-class job creation. so that's why i oppose this blanket instead i think we should do real tax reform. if there are loop
that being said, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need...
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Nov 29, 2012
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>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into the u.s. relationship with afgha
>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead...
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the fiscal cliff if it happens all taxes go up. if he wants taxes to go up on some portion of the population, he has the upper hand but no president wants to preside over a recession. >> it will be his. it won't be john boehner's recession. >> let's talk christmas. 'tis the season isn't it? >> a heartwarming story? >> a heartwarming story at christmas? i would way wish. rhode islanders are having a bit of an issue because their governor lincoln chaffey decided not to call the christmas tree the christmas tree. he is calling it the holiday tree. now rhode islanders are upset about it you know what? massachusetts is offering a bit of a safe refuge i guess. they want to flee rhode island and hop over to another island state up there in massachusetts. the mayor of fall river. >> massachusetts is offering up their christmas tree as a place where rhode islanders can go across and enjoy list tone the mayor. >> all road lineders would object. they can go to their state house and light the tree and go to tradition. we felt they were short c
the fiscal cliff if it happens all taxes go up. if he wants taxes to go up on some portion of the population, he has the upper hand but no president wants to preside over a recession. >> it will be his. it won't be john boehner's recession. >> let's talk christmas. 'tis the season isn't it? >> a heartwarming story? >> a heartwarming story at christmas? i would way wish. rhode islanders are having a bit of an issue because their governor lincoln chaffey decided not to...
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Nov 29, 2012
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if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this mountain gear. you'll want the ice ax. man, we got to use this. this will no longer just be a key chain because if we're cl m climbing out of the cliff you need to be the first there and with the best stocks. i envision all segments of the market getting pummeled but the ones that come back first are the ones that sold down first. so the best could be the worst. to me that means i want to climb out of the cliff using a stock like home depot. i'm going to climb out there to get this, yeah, home depot. that's one i'm going to get! because -- sorry about that. because it's up 54% for the year. the most v
if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this...
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the countdown to the nisc will fisc-- the fiscal cliff is on. but that's not stopping house members from leaving capitol hill from a long weekend. >>> the duchess of cambridge, the hospital treating her gets punked. >>> it's become one of the city and the state's main attractions. i'm christie ileto. coming up, i'll have more on what a new report is saying about the national aquarium and how it affects our local economy. >>> and when will we see the warmer weather temperatures again? any time soon? don't miss the updated first warning weather forecast with bob. >>> it's 51 degrees and clear in central maryland. the complete first warning weather forecast is coming up. >>> it's one of baltimore's favorite attractions. and support shows it is bringing in hundreds of millions of dollars into the city. wjz is live at the national aquarium do you want. christie ileto has more on what this means for the local economy. >>> a new report shows that most of the visitors are from out of town, that they spend big bucks here in the area. and that the nationa
the countdown to the nisc will fisc-- the fiscal cliff is on. but that's not stopping house members from leaving capitol hill from a long weekend. >>> the duchess of cambridge, the hospital treating her gets punked. >>> it's become one of the city and the state's main attractions. i'm christie ileto. coming up, i'll have more on what a new report is saying about the national aquarium and how it affects our local economy. >>> and when will we see the warmer weather...
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a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financial disaster, they know nothing. shawn in illinois. shawn? >> caller: hello, jim. >> what's up, chief? >> caller: booyah from chicago land. >> done. speak to me. >> caller: i've been watching blizzard for some time now, and i just heard a report that thei
a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that...
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. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many law
. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over...
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during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke through barbed wire and hurled chairs and rocks at police and that people in support of the president beat some protesters with clubs. president morsey angered many people with the decree last month that gave him more power. secretary of state hilary clinton said today the unrest shows an urgent need for dialogue on both sides. >>> the u.s. state department confirmed today it is looking into reports that syrian president may be seeking asylum in another country. reportedly president is look to latin america for asylum for his family and members of his inner circle. the priority right now is ending the 21-month-long violen
during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke...
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speaker, this so-called fiscal cliff. it's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there were bills that needed to be paid. the speaker of the house, john boehner, said we're not going to expand america's credit card until we get serious about curbing spending. he said, no, mr. president, i will not raise the limit on america's credit card unless you agree to dollar-for-dollar reductions on the spending side of the ledger so that we're not just making the problem worse, we're creating a pathway to solve the problem altogether. i admire the speaker for that. and the speaker and the president agreed on this proposal. it was called the budget cont
speaker, this so-called fiscal cliff. it's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there...
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. >> what is the fiscal cliff? >> honestly, we're from new mexico, just helping out here to clean. >> no idea. >> the cliff? >> a cliff? how tall is it? >> i have no idea. >> brian: you got to ask americans. not new mexicans. what you should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this. starbucks is now introducing i guess for the holidays a $450 gift card. [ cheering ] >> starbucks, $450 gift card, yeah. it's good for two small coffees and a josh groban cd. that's what it gets you the r. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. let's see if we can get the same item at walmart f less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29
. >> what is the fiscal cliff? >> honestly, we're from new mexico, just helping out here to clean. >> no idea. >> the cliff? >> a cliff? how tall is it? >> i have no idea. >> brian: you got to ask americans. not new mexicans. what you should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this....
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in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek another term. at some point there was a plan for him to forecast his future. the timing of doing it right now certainly caught people by surprise. but it also is a point where it tells you that he feels comfortable that the voice of objection on some things has been the seed has been filled here. he's got a mike lee of utah, rand paul of kentucky, who can fill some of the void that he would be leaving. it really is also, perhaps, good news for someone like mitch mcconnell, he can with his own reelections coming up not have the counterweight of jim demint's considerable presence within the chamber. so
in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek...
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the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding back into recession. we set ourselves up with the land mine and the road in front of our economy which is not based on anything real, it's just based on our politicalness. >> ifill: speaking of political mess, both sides have what they say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the republicans came back with their own yesterday. as you looked at each approach, what do you see in that? >> well, i think it's important. i think the reporting has been a little weak on the republ
the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding...
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the fiscal cliff and our long-term deficit challenges. we have yet to see even an acknowledgment from republican leaders of the fundamental fact that there is no deal. that -- is no deal that does not include rates going up on top earners. as the president said in the interview you cited and as he has said before, he doesn't hold that position because it's inherently good. he doesn't hold it because he wants to punish wealthy americans, he holds it because it is mathematically sound. it is an absolute fact that there is no way to achee the kind of balance in a broad deficit reduction package, a balance that requires significant revenues without rates going up on top earners. you cannot achieve it through closing of loopholes or capping of deductions and you certainly can be the achieve it through the kind of vague proposal we've seen from republicans which contain no specificity whatsoever, not -- not a single deduction named or loophole identified to be closed. so rates have to go up. the president believes, and it's part of the proposal
the fiscal cliff and our long-term deficit challenges. we have yet to see even an acknowledgment from republican leaders of the fundamental fact that there is no deal. that -- is no deal that does not include rates going up on top earners. as the president said in the interview you cited and as he has said before, he doesn't hold that position because it's inherently good. he doesn't hold it because he wants to punish wealthy americans, he holds it because it is mathematically sound. it is an...